Brompton Energy Split (TSE:ESP) Stock Passes Below 200-Day Moving Average - What's Next?

Key Points

• Brompton Energy Split Corp. shares fell below their 200-day moving average of C$4.88, trading as low as C$4.45 on Thursday with a small trading volume of 500 shares.
• The stock's market capitalization stands at C$157.82 million, and it has a negative price-to-earnings ratio of -64.49, indicating potential financial challenges.
• The company focuses on investing in a portfolio of large-cap North American oil and gas equities, aiming to provide regular cash distributions to both preferred and Class A shareholders.

Shares of Brompton Energy Split Corp. (TSE:ESP - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.88 and traded as low as C$4.45. Brompton Energy Split shares last traded at C$4.45, with a volume of 500 shares.

Brompton Energy Split Stock Down 5.4%

The stock has a market capitalization of C$149.31 million and a PE ratio of -61.01. The company has a debt-to-equity ratio of 12.36, a current ratio of 6.82 and a quick ratio of 6.67. The business's fifty day moving average price is C$4.59 and its two-hundred day moving average price is C$4.86.

Brompton Energy Split Company Profile

To provide holders of Preferred shares with fixed cumulative preferrential quarterly cash distributions and to return the original issue price on the maturity date. To provide holders of Class A shares with regular monthly cash distributions3 and the opportunity for capital appreciation. To achieve these objectives, the Fund invests in a portfolio of equity securities of at least 15 large¿capitalization North American oil and gas issuers selected by the Manager from the S&P 500 Index and the S&P/TSX Composite Index.